Daily news

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    International Game Technology (IGT) has reported a 5% year-on-year decline in group revenue for the first quarter of 2019, a result of lower revenue from gaming operations.

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    The Pennsylvania Gaming Control Board (PGCB) has revealed that the state has generated tax revenue of $3.4m (£2.7m/€3.0m) from its first full year of regulated fantasy sports contests.

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    The Horseracing Betting Levy Board (HBLB) has warned that the Levy for the UK industry in 2018-19 is set to fall short of expectations by some distance, with forecasts placing the sum paid to the industry down by £17m (€9.4m/$21.7m) from the previous year.

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    Mississippi has seen revenue from its legal sports market plummet in April, with basketball remaining the most popular sport for wagering.

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    Betting technology supplier Newgioco has cited costs related to ongoing expansion plans as the main reason for posting a net loss in the opening quarter of the year.

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    Finnish gaming monopoly Veikkuas has reported marginal year-on-year increases in both gaming revenue and profit for the first quarter, with growth driven by a strong performance from its lottery vertical.

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    Åland Islands-based operator Paf has cited the introduction of mandatory customer loss limits for its online gaming services as the main reason behind a year-on-year decline in revenue and profit for 2018.

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    Pennsylvania has reported a 23.5% decline in sports betting revenue for April, with a weaker month for Rush Street’s Rivers and SugarHouse venues allowing Parx Casino to take top spot in the market.

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    Swedish gambling regulator Spelinspektionen has handed six-figure fines to Betway and Mandalorian Technologies after finding them both in breach of regulations related to bonus offers in the country.

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    Delaware has revealed a month-on-month decline in sports betting revenue for April, while online gaming revenue also fell to a yearly low during the month.

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    Independent table games provider Galaxy Gaming has cited its internet-based operations as one of the main drivers behind a 23% year-on-year increase to record revenue during the first quarter of the year.

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    Playtech is searching for a new chairman to replace Alan Jackson, who will leave the business, the company announced today at its annual general meeting.

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    The Stars Group (TSG) has put a 47.7% year-on-year increase in revenue during the first quarter primarily down to the continuing impact of acquired assets Sky Betting & Gaming and BetEasy.

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    William Hill has reported a 2% increase in revenue for the first 17 weeks of the year, despite suffering a like-for-like drop in revenue for its online arm and a decline in its retail business.

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    New Jersey has reported a month-on-month decline in both sports betting and online gaming revenue for April, after the state was boosted in the previous month by the March Madness collegiate sports series.

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    France’s online gambling market experienced a year-on-year growth in the first quarter, primarily due to a 52% increase in revenue within the sports betting sector.

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    Online bingo and casino operator JPJ Group has cited the performance of its Vera&John business as the main driver behind a 13% year-on-year increase in revenue during the first quarter.

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    GambleAware has confirmed it will invest an additional £3.9m (€4.5m/$5.0m) to help fund the expansion of the National Gambling Treatment Service through GamCare and its network of partners across Great Britain.

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    London-listed lottery brokerage Zeal Network has completed the acquisition of its former subsidiary Lotto24 via an all-share public takeover.

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    Codere has again cited the devaluation of the Argentine Peso as the main reason behind a year-on-year decline in revenue during the first quarter, despite seeing growth across its Mexican, Italian, Spanish and online operations.

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